2023
Chhaochharia, V., Kumar, A., Motahari, M. & Rantala, V. (2023). Star Firms, Information Externalities, and Predictability.
Chen, S., Xu, H. (2020). Industry Dynamics and Capital Structure (Non)Commitment.
Chu, J., Li, X. & Zou, Y. (2022). Corporate Social Responsibility Committee: International Evidence.
Dybvig, P. & Hou, X. (2023). Gambling for Redemption or Ripoff, and the Impact of Superpriority.
Gallo, E. & Lee, J., Riyanto, Y.E., & Wong, E.C. (2023). Cooperation and Cognition in Social Networks.
Guernsey, S. (2023). Intellectual Property Rights Protection, Investment, and Firm Growth.
Hou, X. (2023). Limited Liability and Investment.
Hwang, S., Lee, B. (2023). Labor-Management Relational Capital.
Ohneberg, E. & Saffi, P. (2023). Satisfied Employees, Satisfied Investors: How Employee Well-being Impacts Mutual Fund Returns.
Tweedie, D., Cook, A., & Whittington, G. (2023). The UK Accounting Standards Board, 1990-2000: Restoring Honesty and Trust in Accounting.
Zou, Y. (2023). Why Do Investment Companies Abandon Sustainability?
2022
Andrade, S. C., Ekponon, A., & Jeanneret, A. (2022). “Sovereign risk premia and global macroeconomic conditions”. Journal of Financial Economics.
Bik, O., Bouwens, J., Knechel, W. R., & Zou, Y. (2022). “Regulatory Scrutiny and the Evolution of Performance Measurement, Career Development, and Compensation Schemes for Audit Partners”.
Chu, J., Li, X., & Zou, Y. (2022). “Corporate Social Responsibility Committees: International Evidence”.
Clarkson, P., Herbohn, K., Zou, Y. (2022). “Business Strategy, Carbon Mitigation Activities and Investors’ Assessed Emissions Valuation Penalty”.
Guernsey, S., Sepe, S. M., & Serfling, M. (2022). “Blood in the water: The value of antitakeover provisions during market shocks”. Journal of Financial Economics, 143(3), 1070-1096.
Hirst, S., Karakas, O.,& Yu, T. (2022). “Proxy Contests and the Value of Voting Rights”.
Lambrecht, B.M. and Tse, A. (2022) “Liquidation, bailout, and bail-in: insolvency resolution mechanisms and bank lending.” Journal of Financial and Quantitative Analysis (forthcoming)
Meirowitz, A., & Pi, S. (2022). “Voting and trading: The shareholder’s dilemma”. Journal of Financial Economics.
Pi, S. (2022). “Communication among Shareholders Before Voting”.
Pi, S. (2022). “Why Can Blockholdings Increase Cash Holdings?”.
Yago, N. (2022). “Monetary Transmission under Heterogeneous Exchange Rate Exposure”.
Yago, N. (2022). “Disaster Risk, Flight to Safety, and UIP Premium”.
Zou, Y. (2022). “Why Do Investment Companies Abandon Sustainability?”.
2021
Andrade, S. C., Ekponon, A., & Jeanneret, A. (2022). “Sovereign Risk Premia and Global Macroeconomic Conditions”. Journal of Financial Economics (forthcoming).
Bae, K. H., Bailey, W., & Kang, J. (2021). “Why is stock market concentration bad for the economy?”. Journal of Financial Economics, 140(2), 436-459.
Chen, S., & Lambrecht, B. M. (2021). “Do capital structure models square with the dynamics of payout?”. Annual Review of Financial Economics,13(1), 271-299.
Chen, S. and Lambrecht, B.M. (2021) “Do capital structure models square with the dynamics of payout?” Annual Review of Financial Economics, 13: 271-299 (DOI: 10.1146/annurev-financial-010421-085556)
Dybvig, P. H., & Hou, X. (2021). “Gambling for Redemption or Ripoff, and the Impact of Superpriority”.
Hou, X. (2021). “Direct Transfer and Guanxi in Resolving Contractual Failure”.
Hou, X. (2021). “Limited Liability and Scale (JMP)”.
Lambrecht, B. L. & Tse, A. S. L. (2021). “Liquidation, bailout, and bail-in: insolvency resolution mechanisms and bank lending” Forthcoming, Journal of Financial and Quantitative Analysis.
Zou, Y. (2021). “Responsible Investment Motives”.
2018
George, T.J., Hwang, C.-Y. and Li, Y. (2018) “The 52-week high, q theory and the cross-section of stock returns.” Journal of Financial Economics, 128(1): 148-163 (DOI: 10.1016/j.jfineco.2018.01.005)
Hwang, C.-Y. and Li, Y. (2018) “Analysts’ reputational concerns, self-censoring, and the international dispersion effect.” Management Science, 64(5): 1975-2471 (10.1287/mnsc.2016.2642)
2017
Lambrecht, B.M. and Myers, S.C. (2017) “The dynamics of investment, payout and debt.” Review of Financial Studies, 30(11): 3759–3800 (DOI: 10.1093/rfs/hhx081) (also available online via the SSRN)
Whittington, G. (2017) Value and profit: an introduction to measurement in financial reporting. Cambridge: Cambridge University Press.
2016
Bali, T.G., Brown, S., Peng, Q. and Tang, Y. (2016) “Is economic uncertainty priced in the cross-section of stock returns?” Social Science Research Network Working Paper (available online via the SSRN)
Bae, K., Bhattacharya, U., Kang, J. and Rhee, S. (2016) “Nominal stock price anchors: a global phenomenon?” Social Science Research Network Working Paper.
Henderson, V., Hobson, D. and Tse, A.S.L. (2016) “Can probability weighting help prospect theory explain the disposition effect?” Social Science Research Network Working Paper (available online via the SSRN)
Hwang, C.Y. and Li, Y. (2016) “Analysts’ reputational concerns, self-censoring and the international dispersion effect.” Management Science (forthcoming)
Peng, Q. (2016) “Noisy rational bubbles.” Social Science Research Network Working Paper (available online via the SSRN)
Peng, Q. (2016) “Financial frictions, entry and growth: a study of China.” Social Science Research Network Working Paper (available online via the SSRN)
2015
Henderson, V., Hobson, D. and Tse, A.S.L. (2015) “Randomised strategies and prospect theory in a dynamic context.” Social Science Research Network Working Paper (available online via the SSRN)
Kang, J. (2015) “Stock market concentration, entrepreneurship, and economic growth.” Social Science Research Network Working Paper.
2013
Kang, J. and Shum, P. (2013) “Leveraged and inverse ETF performance during the financial crisis.” Managerial Finance, 39(5): 476-508 (DOI: 10.1108/03074351311313825)
2009
So, M.K.P. and Tse, A.S.L. (2009) “Dynamic modeling of tail risk: applications to China, Hong Kong and other Asian markets.” Asia-Pacific Financial Markets, 16(3): 183-210 (DOI: 10.1007/s10690-009-9092-6)
To view more of the Centre’s publications and papers visit the CERF website.